Meritt Protocol: Open protocol for issuance & distribution of bespoke tokens.

jamesndungu (61)in #merittprotocol • 6 years ago (edited)

Digitization of businesses will have a global impact on the business environment, businesses will be able to trade assets digitally, access cross-border business transactions and even be able to raise funds through crowdfunding in the surest and high integrity decentralized environment.

I’m excited about blockchain technology, the technical process of creating utility and security tokens has proven its purpose but the technicality of creating tokens for businesses is complex and costly due to the programming skills required and the audit that follows.

I joined the cryptocurrency community and started using cryptocurrencies as a mode of payments in my businesses, I found new customers from this market and the process has been seamless especially when dealing with a global community. I have been thinking about digitizing my business in order to raise capital and digitize fully my operations, but I was met with a challenge because I don’t have technical know-how of how to create digital tokens and customize them to fit my business operation model.

( Video Source: YouTube - Fintech Week Silicon Valley 2018 August 16 - MERITT PROTOCOL )

I realized this is a challenge affecting many businesses willing to digitize their operations, Recently I came through a project that will be helpful in making the process of digitizing businesses less technical and without the big bucks required to create an audit digital tokens. The Meritt Protocol is a new blockchain that empowers the next generation of businesses to issue what we call bespoke tokens that will enable them to digitize their operations without the drama of technical creation of tokens.

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In this blog entry, I will take a look at Meritt protocol technology, and how businesses can make use of their services towards digitizing their businesses.

Meritt Protocol

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Meritt protocol is a decentralized blockchain project that empowered business by allowing them to create bespoken tokens that they can use on crowdfunding and digiting their businesses operations.

Meritt protocol competitive advantage in the industry is that it makes it easy for businesses to create tokens using a simple process without the technical skills required to create tokens, Meritt protocol will make it easier and businesses will be able to create tokens using a plug and play building block process.

The tokens will allow businesses to integrate blockchain technology in their businesses and leverage the power of smart contracts and distributed ledger technology by creating security tokens and utility tokens.

Businesses' will be able to customize their tokens based of their needs, allowing them to have total control of the tokens by being able to build their application layer on top of the Meritt protocol blockchain framework.

Meritt Protocol blockchain-powered tokens without the drama.

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Businesses will be able to leverage the Meritt protocol tokens to digitize their business operation processes, the creative processes are rather simple and businesses will have the ability to customize their tokens based on their needs and requirements.

Using the Meritt platform businesses will have the ability to choose the name of their digital tokens, and set rules on their acceptability in their business operations. Digitizing your businesses using tokens will allow your business to tap the emerging financial economy, operate in a transparent business environment which is currently being favored by investors and the general community, the integrity of digitized business is also helpful in the fact that the integrity of transactions and records keeping is optimized.

Digitizing businesses will also allow businesses to strengthen their relationship with their customers and allow businesses to process micro-payments at reduced transactions costs compared to traditional financial transactions processing. The value of the tokens will be clear and allow the business to operate in a 24 hours economy.

Merrit Protocol applicability to businesses.

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Meritt protocol is an open source project that will enable developers and businesses create their bespoke tokens that are powerful enough to digitize small and large businesses, they will be integrated with blockchain technology allowing the conversion of assets and the liquidation of tokens to be easily done at any exchange in a 24 hours economy.

Meritt protocol will empower businesses with the tools and infrastructure needed to customize their tokens and make use of features embedded in the core blockchain. Businesses will make use of the simplified process of creating bespoke tokens and access analytics tools that they need to track and monitor their tokens.

Businesses will not need the services of a developer in order to create tokens, and this will save businesses large bucks required for the digitization process.

Conclusions.

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With the current digital revolution, businesses need to digitize their processes in order to be relevant and compete in the modern business environment. Meritt protocol uses the power of blockchain technology towards allowing businesses to customize their bespoke tokens according to their needs and operation duties.

Meritt protocol will provide the infrastructure needed towards the creation of tokens, and provide the analytical tools. Businesses will find it easy to create tokens without the need of their party developers who charge approximately $200 for the creation and a same amount for a third-party audit.

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For more information about how you can use Meritt protocol to create bespoke tokens and also be involved please check out the platform's website, whitepaper and social media pages in the reference section below.